Phenomenon One Communications (PH1) is a fast growing and profitable web-based telecommunications company. In order to expand its operations, the company is now looking to raise up to £250,000 via a secured crowd bond on the Crowd for Angels crowdfunding platform. The 1-year bond will reportedly pay 8% interest per annum with capital and interest payments every 90 days.
Founded in 2012, Phenomenon One has developed over the past 5 years from offering international calling cards to having a global brand, offering its customers access to a new world of communications. Its flagship product, SIMChip, makes traveling easy for people, enabling them to bypass roaming charges to their mobile operators and removing the need to buy SIM cards for different countries when abroad. Operating within the UK and Ghana at present, during the coming years the company is looking to break into niche markets such as Asia and the Americas.
Abraham Adu, CEO of Phenomenon One communications, stated:
“We see great opportunities to expand the business both in the UK and overseas so crowdfunding was the perfect option for us. We hope to attract a range of new investors to the business as well as engaging current customers in our fundraising campaign.”
The company also explained on the minimum fund raise the LTV is 33.37% and on the maximum fund raise the LTV is 83.43%. The crowd bond is eligible for inclusion in the Innovative Finance ISA (IF-ISA). Minimum investment of just £100.
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